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How to Determine Robot ROI

As robotic performance continues to accelerate, now is the perfect time for mid-sized companies that have been waiting for a decline in robotic prices to deploy these automated solutions. Here’s how to determine the value of this decision.

robotic-pick-place2While reading a report by The Boston Consulting Group, I learned that global sales of industrial robots rose by 23 percent last year, with deliveries expected to double to 400,000 a year by 2018. The report also predicted that industrial robot pricing will continue to decline over the next decade by more than 20 percent. If this holds true, it will make more applications viable for robots, thereby decreasing the investment required for integration—which is the primary roadblock keeping many manufacturers from moving forward with robots. In fact, the one question I hear most often from clients is: “What’s the ROI on my investment in robotic automation?” Continue Reading →